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Featured Advisor

Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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The 1% Will Have a Very Merry Chirstmas, Market Watch - November 29, 2013

| BY Silvia Ascarelli

As we move past the Thanksgiving turkey and into the middle of the Black Friday scrum over, yes, 29-cent washcloths, there’s one group that can look forward to a cheery holiday season.

The affluent, or those with $500,000 of investible assets, are feeling good about life, based on four financial factors as measured by Spectrem Group. Readings on the economy, household assets, household income and company health all jumped in November, and the overall index is around its highest levels of the year.

Among the four components, the index on household assets is at its highest since July 2007 – helped, no doubt, by a stock market that is looking like the Energizer bunny, even if blue-chips pulled back on Friday.

The millionaires, perhaps not surprisingly, are more upbeat than the non-millionaire affluent. The latter still show a lack of confidence in the economy, though just barely. That reading leaped 21.77 points in November to a minus-0.96. The index of economic confidence among those with $1 million or more of investible assets jumped 15.7 points to 20.36 points.

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